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Tron, a smart contract platform co-founded by Justin Sun, has emerged as a leading choice for stablecoin transfers. In the last 30 days, Tron generated $96.74 million in revenue from on-chain transactions, with the majority coming from USDT. This highlights Tron’s role in facilitating stablecoin transactions. The platform’s scalability and lower on-chain fees compared to Ethereum make it attractive for stablecoin transfers. Tron’s network has a higher throughput and can support intensive projects that would require more gas on Ethereum. Unlike Ethereum’s proof-of-stake consensus method, Tron relies on a delegated proof-of-stake system, with 27 super representatives approving transactions. The Tron Foundation oversees the blockchain and supports stablecoin development. Tron also launched USDD, an over-collateralized decentralized stablecoin, as an alternative to Maker’s DAI. In November, Tether, the issuer of USDT, invested $610 million in a German Bitcoin miner, Northern Data AG. This investment will be used to increase the firm’s mining capacity. It’s important to note that these funds won’t be part of Tether’s stablecoin consolidated reserves. Overall, Tron’s success in enabling stablecoin transfers and its ongoing developments in the space position it as a prominent player in the cryptocurrency industry.